New York

Kraft profits after raising sales prices

Kraft profits after raising sales pricesNew York  - Kraft Foods, the world's second-largest producer of grocery products, said Monday earnings rose in the second quarter after it increased price to accommodate higher costs for ingredients and energy.

Net profit rose 4 per cent to 732 million dollars, or 48 cents per share, from from 707 million dollars, or 44 cents, in the year- earlier period, the Northfield, Illinois-based firm said. Revenues rose 21 per cent to 11.2 billion dollars.

UN calls for observance of truce during Beijing Olympics

UN calls for observance of truce during Beijing OlympicsNew York  - The United Nations called Monday for a cessation of hostilities worldwide during the Summer Olympics Games in Beijing next month.

"Though limited in duration, this truce has unlimited potential," UN Secretary General Ban Ki-moon said in a message to UN members asking them to observe the Olympic Truce in order to allow athletes from all countries to travel and compete in the games without the threats of war.

The call for the observance of the Olympic Truce was endorsed by the International Olympic Committee and the UN General Assembly.

UN condemns bombings in Turkey and India

UN condemns bombings in Turkey and IndiaNew York  - UN Secretary General Ban Ki-moon on Monday strongly condemned the weekend bombings in Turkey and India and presented his condolences to families of the victims.

Istanbul was hit by a pair of bomb attacks on Sunday, killing at least 16 civilians and injuring more than 100.

Ban said in a statement he "deeply regrets the loss of life and conveys his sympathies to the families of the victims and the wounded."

Verizon profits on strong mobile phone business

Verizon profits on strong mobile phone businessNew York  - Verizon, the second-largest US telecom firm, reported strong second-quarter profits on Monday thanks to its growing mobile phone division.

Net profits rose nearly 12 per cent to 1.9 billion dollars, or 66 cents per share, despite a decline in traditional land-line phone service, the company said in New York.

Revenue rose 4 per cent to 24.1 billion dollars in the April-to- June period.

UN General Assembly approves new human rights chief

UN General Assembly approves new human rights chiefNew York  - The UN General Assembly approved Monday South African judge Navanethem Pillay as the body's high commissioner for human rights, citing her struggle against apartheid and judicial career.

Pillay was selected by UN Secretary General Ban Ki-moon, who asked the 192-nation assembly to approve her nomination. Pillay will take over the post on August 1 for a four-year term, replacing Louise Arbour, a former Canadian Supreme Court justice. The office of the high commissioner for human rights is based in Geneva.

Bush must use Gilani’s US visit to ensure more closely monitored military aid: NYT

New York, July 28: Bush must use Gilani’s US visit to ensure more closely monitored military aid: NYTPakistan Prime Minister Yousaf Raza Gilani’s ongoing visit, his first after becoming PM, to the US will give President George Bush an opportunity to recast relations with Islamabad, making it clear that Washington is committed to strengthening both Pakistan’s democracy and its ability to fight extremism.

That will require a lot more economic assistance and more carefully monitored military aid, said an article in the New York Times.

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